Definition of Tax Tracking Fee


Tax Tracking Fee means as defined in Section 2.10(d).
Sample 1

Examples of Tax Tracking Fee in a sentence

The initial Tax Tracking Fee will be paid to the Administrative Agent or withheld from the Loan proceeds on the Closing Date, and the Extension Tax Tracking Fee shall be payable on the Extension Effective Date.
The Tax Tracking Fee and the Extension Tax Tracking Fee will reimburse the Administrative Agent for its cost of verifying that property taxes due on the Real Estate Assets that constitute any part of the Collateral are paid during the term of the Loans hereunder.
The Tax Tracking Fee will reimburse Administrative Agent for its cost of verifying that property taxes due on the real estate securing this Loan are paid during the term of this Loan.
The Borrower agrees to pay to the Administrative Agent a tax tracking fee (the "Tax Tracking Fee") in the initial amount of $195.00, and the Borrower agrees to pay an additional tax tracking fee (the "Extension Tax Tracking Fee") in the amount of $145.00 in the event the Maturity Date is extended pursuant to Section 2.18.
The Borrower agrees to pay to the Administrative Agent a tax tracking fee (the Tax Tracking Fee) in the initial amount of $250.00, and the Borrower agrees to pay an additional tax tracking fee (the Extension Tax Tracking Fee) in the amount of $145.00 in the event the Maturity Date is extended pursuant to Section 2.18.